A Non-Binding Offer to acquire CI Capital Holding

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OTMT submit a Non-Binding Offer to acquire 100% of CI Capital Holding

Cairo, December 17, 2015: Orascom Telecom Media and Technology Holding ("OTMT") announced that it has submitted a Non-Binding Offer to Commercial International Bank ("CIB") to acquire 100% of CI Capital Holding ("CI Capital"), CIB's wholly-owned investment banking subsidiary, in the range of EGP 1 Billion.

The Board of directors of CIB is expected to convene today to discuss the offer. OTMT will announce any developments on that matter once concluded.

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About OTMT

OTMT is a holding company that has investments in companies with operations mainly in Egypt, North Korea, Lebanon, Pakistan and other North African and Middle-Eastern countries. The activities of OTMT are mainly divided into its GSM, Media and Technology, and Cable businesses, having recently expanded its lines of operations into the new fields of Energy, Transport & Logistics, and Telecom infrastructure. The GSM activities include mobile telecommunications operations in Egypt, North Korea and Lebanon. The Cable business focuses on the management of cable networks. The new field of Energy includes its operations in the power projects in Egypt.

Press contacts:

Orascom Telecom Media and Technology: Investor Relations

2005A Nile City Towers - South Tower, 26th Floor - Corniche El Nile,

Ramlet Beaulac, Cairo, Egypt

E-mail: [email protected]

Disclaimer

The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.

This press release does not, and shall not, in any circumstances constitute a public offering of shares, or global depositary shares representing such shares, in OTMT ("OTMT Securities"), nor an invitation to the public in connection with any offer. The acquisition of the OTMT Securities may be subject to specific legal or regulatory restrictions in certain jurisdictions. OTMT takes no responsibility for any violation of any such restrictions by any person.